Paycom Software, Inc. (NYSE:PAYC) Stake Boosted by Accurate Wealth Management LLC

Accurate Wealth Management LLC increased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 38.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,793 shares of the software maker’s stock after buying an additional 1,330 shares during the quarter. Accurate Wealth Management LLC’s holdings in Paycom Software were worth $968,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in Paycom Software in the second quarter valued at approximately $25,000. Envestnet Asset Management Inc. lifted its stake in shares of Paycom Software by 33.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 285,349 shares of the software maker’s stock valued at $40,816,000 after purchasing an additional 71,384 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Paycom Software by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 262,803 shares of the software maker’s stock worth $37,591,000 after purchasing an additional 10,204 shares in the last quarter. Edgestream Partners L.P. increased its position in Paycom Software by 209.1% during the second quarter. Edgestream Partners L.P. now owns 14,399 shares of the software maker’s stock worth $2,060,000 after buying an additional 9,741 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in Paycom Software during the second quarter valued at about $234,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Price Performance

NYSE PAYC opened at $205.10 on Thursday. The company’s fifty day moving average is $219.78 and its two-hundred day moving average is $183.62. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $242.74. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 3.12 and a beta of 1.14.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Insider Activity at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Friday, October 18th. The shares were sold at an average price of $165.27, for a total transaction of $322,276.50. Following the sale, the chief executive officer now owns 2,766,510 shares in the company, valued at $457,221,107.70. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 23,400 shares of company stock worth $4,534,725 over the last three months. Company insiders own 14.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays upped their price objective on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Piper Sandler lifted their target price on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group upped their price target on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating, Based on data from MarketBeat, Paycom Software currently has an average rating of “Hold” and a consensus price target of $196.63.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.